It’s a turbulent time in the tech ecosystem.
The cryptocurrency market was hit with the stunning collapse of its second-largest exchange, FTX. And along with it, the downfall of its CEO, Sam Bankman-Fried. Elon Musk is making sweeping changes at Twitter whilst also tweeting a steady stream of memes throughout the day. And layoffs are happening in broad swathes across the industry.
The news outlets and pundits are weighing in. All of them—every single one—has imperfect information, but they’re all taking shots and pulling no punches.
I’ve avoided making comments for a few reasons. One is I don’t have perfect information, and I know it. Second is a lot of details are still to come out in the wash, and for some of the companies and players, the game still has many minutes left on the clock.
I try keep all this in mind when I’m tempted to get lost in the latest, frothy news cycle.